Ault Alliance(AULT) - 2024 Q1 - Quarterly Results

Financial Performance - Ault Alliance, Inc. announced its financial results for Q1 2024, with a focus on operational performance and future outlook [4] - The company reported a revenue increase of 15% year-over-year, reaching $25 million for the quarter [4] - The company reported a net income of$ 3 million for Q1 2024, compared to a net loss of $1 million in Q1 2023 [4] User Growth - User data showed a growth in active users by 20%, totaling 1.2 million users as of March 31, 2024 [4] - Ault Alliance, Inc. highlighted the successful launch of its new software platform, which has already attracted 300 new clients since its release [4] Future Guidance - Ault Alliance, Inc. provided guidance for Q2 2024, expecting revenue to be between$ 27 million and $30 million, representing a growth of 8% to 20% [4] Investment and Development - The company is investing in new product development, with a budget allocation of$ 5 million for R&D in 2024 [4] - Ault Alliance, Inc. is considering strategic acquisitions to enhance its product portfolio, with potential targets identified in the tech sector [4] Market Expansion - Ault Alliance, Inc. is exploring market expansion opportunities in Europe, targeting a 10% market share by the end of 2025 [4] Sustainability Commitment - Ault Alliance, Inc. emphasized its commitment to sustainability, aiming to reduce operational carbon emissions by 25% by 2026 [4]